How to Use MB Way and Multibanco in Portugal as a Foreigner
A practical guide to MB Way and Multibanco for foreigners in Portugal: cards, ATM functions, reference payments, fees, scams, and backup payment plans.
Live in Portugal guides
Banking guides
Bank accounts, cards, payments, transfers, and requirements for foreigners.
This section covers practical banking questions for foreigners in Portugal, including account requirements, payments, transfers, and how banking connects with tax and housing paperwork.
Published guides
Practical guides in this category, ordered by the most recently updated.
2 guides
How to Open a Bank Account in Portugal as a Foreigner
How foreigners can open a Portuguese bank account: NIF, documents, address, online options, IBAN, Wise/Revolut, fees, and mistakes.
Common questions
What documents may a bank ask from a foreign resident?
Banks commonly ask for ID, NIF, proof of address, income or employment information, and sometimes a residence document. Exact requirements vary by bank and risk checks.
Do I need a Portuguese address or residence document to open an account?
Some banks accept non-resident customers, while others ask for Portuguese address or residence details. Always check the bank requirements before booking or visiting.
Which payment methods are common in Portugal?
Cards, bank transfers, direct debits, Multibanco references, and MB WAY are common. Cash is still useful in smaller shops and some local services.